The self-leveling concrete market is estimated to be USD 4.93 Billion in 2017 and is projected to reach USD 6.22 Billion by 2022, at a CAGR of 4.7% from 2017 to 2022. Surge in demand for self-leveling concrete in developing nations and the growing construction market are anticipated to drive the self-leveling concrete market in the coming years.
Based on type, the underlayment segment is projected to lead the global self-leveling concrete market during the forecast period. Self-leveling underlayment provides smooth and accurate surfaces, and helps to minimize surface imperfections and irregularities to an existing floor. The underlayment type self-leveling concrete is placed over existing subfloors before the installation of floor coverings, such as tiles, carpets, wood, and other polymer-based coverings. Rapid industrialization, growing residential and commercial construction market, along with initiatives of governments of emerging economies for the development of public infrastructure are anticipated to drive the self-leveling concrete market for underlayment in the coming years.

Commercial and residential are the key end users of the global self-leveling concrete market. Commercial is the largest end user segment of the global self-leveling market in 2017. It is also the fastest-growing end-use industry and is projected to lead the global market in the future. The growing demand for self-leveling concrete from retail spaces, educational institutions, industrial plants, restaurants, healthcare institutes, and industrial floor spaces are anticipated to drive the self-leveling concrete market during the forecast period.

The Europe region is estimated to be the largest market for self-leveling concrete in 2017. Italy and Germany are the major countries in the Europe self-leveling concrete market. The growth of the Europe self-leveling concrete market can be attributed to the rise in construction activities, followed by the growing renovation and re-construction market in the region. These factors are anticipated to drive the self-leveling concrete market in the coming years. The Asia Pacific self-leveling concrete market is expected to grow at the highest CAGR from 2017 to 2022.

Factors inhibiting the growth of the self-leveling concrete market are lack of awareness among end users and high cost of self-leveling concrete to that of traditional concrete materials. In some developing or underdeveloped countries of the Asia Pacific region as well as Africa and South America, consumers are less aware of the benefits of self-leveling concrete products, about their superior performance, and durability. This hampers the growth of the self-leveling concrete market. Furthermore, the growth of the self-leveling concrete market can be affected by the volatility in supply and prices of raw materials for producing self-leveling concrete materials. However, the self-leveling concrete market has a positive outlook due to the high demand for self-leveling concrete from the construction industry.

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